Drive-Through Restaurant
New
For Sale
$225,000
24302 SR-697, Delphos, OH 45833
Commercial Sale, Delphos, OH
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$93.75
Days on Market2
Property Features for 24302 SR-697
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Zoning description
429-OTHER RETAIL STRUCTURE
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Standard status
Active
APN
24-046872.0100 (PID: 17481)
Size
2,400 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
SD 130 WASHINGTIN DEL-EAST FD OR 383-2276
Tax Annual Amount
1392
Legal Description
SD 130 WASHINGTIN DEL-EAST FD OR 383-2276
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
office spaces
lobby area
two bathrooms
kitchen area with exhaust hood
two overhead doors
Building Details
Year built
1995
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Building materials
Brick, Concrete, Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Dick Clark Real Estate, LLC
(419) 695-1006
Listed By:
Melanie Thorbahn
(419) 234-5493
Added: Nov 1
Last Checked: Nov 2 at 6:06AM
MLS# 312082
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot commercial building is configured for drive-through service and includes office areas, a lobby, a kitchen with an exhaust hood and sinks, and two bathrooms. Two overhead doors add to the building’s functional layout. Construction materials include brick, concrete, and metal siding, with concrete and ceramic tile flooring. The property was built in 1995 and has natural gas forced-air heat and central air conditioning.
Set on one acre near Delphos, the property has an asphalt parking area and yard space. Public water and public sewer serve the site, and water is available. The roof is metal.
Set on one acre near Delphos, the property has an asphalt parking area and yard space. Public water and public sewer serve the site, and water is available. The roof is metal.
Key Highlights
- 2,400‑square‑foot commercial building on a 1‑acre lot
- Existing drive‑through configuration
- Kitchen includes exhaust hood and sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,525
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,500
$190.5K
Cap Rate 7%
$136,071
$136.1K
Cap Rate 9%
$105,833
$105.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$14.1K $5.88/SF
− Vacancy
−$505 −$0.21/SF
EGI
$13.6K $5.67/SF
− OpEx
−$4.1K −$1.70/SF
NOI
$9.5K $3.97/SF
Area
Allen County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,500
Cap Rate 7%
$136,071
Cap Rate 9%
$105,833
Alternative Uses
Best Use
Specialty Retail
$465.6K
$407.4K – $543.2K
NOI $32,592 @ 7.0% cap · market cap 14.49%
Second Best
Retail
$136.1K
$119.1K – $158.8K
NOI $9,525 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$578.1K
$505.8K – $674.4K
NOI $40,465 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 45833, OH
10,682
Population
4,735
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
72.4 sq mi
ZIP Area
148
Density / Sq Mi
$66,919
Median Household Income
$45,558
Median Earnings
$822
Median Rent
$156,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A one-acre commercial site includes office areas, a lobby, kitchen, two bathrooms, overhead doors, and asphalt parking.
Where is this drive through restaurant located?
The property is located at 24302 SR-697 Delphos, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,400‑square‑foot commercial building on a 1‑acre lot; Existing drive‑through configuration; Kitchen includes exhaust hood and sinks
